A customer has approached an Islamic bank seeking a financing facility in order to make a balance payment to the supplier for the goods it has already purchased, by providing 20 % of the amount as a down-payment
Fatawa Question
A customer has approached an Islamic bank seeking a financing facility in order to make a balance payment to the supplier for the goods it has already purchased, by providing 20 % of the amount as a down-payment. The customer is a trader, and has purchased the goods with the intention of selling them in the market. A suitable Shariah structure is required in order to facilitate the customer.
Fatwa
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Publisher
Publication Date
2014-02-26
Country of Publication
Malaysia
Main Subjects
Economics & Business Administration
Islamic Studies
Data Type
Fatawa
Language
English
Record ID
BIM-783580
American Psychological Association (APA)
Hassan, Husayn Hamid. 2014-02-26. A customer has approached an Islamic bank seeking a financing facility in order to make a balance payment to the supplier for the goods it has already purchased, by providing 20 % of the amount as a down-payment. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783580
Modern Language Association (MLA)
Hassan, Husayn Hamid. A customer has approached an Islamic bank seeking a financing facility in order to make a balance payment to the supplier for the goods it has already purchased, by providing 20 % of the amount as a down-payment. Kuala Lumpur Malaysia : Islamic Finance News. 2014-02-26.
https://search.emarefa.net/detail/BIM-783580
American Medical Association (AMA)
Hassan, Husayn Hamid. 2014-02-26. A customer has approached an Islamic bank seeking a financing facility in order to make a balance payment to the supplier for the goods it has already purchased, by providing 20 % of the amount as a down-payment. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783580
